The bankruptcy trustee for jailed attorney Scott Rothstein's defunct law firm set his sights Thursday on equity partner Stuart Rosenfeldt, claiming $8 million in excessive compensation and linking bonuses to political contributions.
Rothstein has pleaded guilty to racketeering, fraud and conspiracy in a $1.2 billion Ponzi scheme based on fake structured settlements sold through the 70-lawyer Rothstein Rosenfeldt Adler.
Federal prosecutors accused Rothstein of funneling some of the tainted money to employees of the Fort Lauderdale, Fla.-based firm for political campaign contributions to avoid federal and state election donation caps.
Herbert Stettin, the firm's court-appointed trustee, is demanding the return of $7.94 million from Rosenfeldt and his wife, claiming he was entitled to a maximum $1.15 million in the past four years but received much more. Rothstein and Rosenfeldt were the firm's only equity partners.
Full Article and Source:
Former Rothstein Firm Partner Sued for $8 Million
See Also:
Scott Rothstein Pleads Guilty
When we see "linking bonuses to political contributions" it's not ddifficult to see why the legal system is so dishonest and corrupt in Florida.
ReplyDeleteThru personal experience in Florida's legal system this doesn't suprice me.
ReplyDeleteRackettering-Florida-Lawyer-Corrupt-Guilty-Exploitation-Theft... These words go hand in hand with - Florida
Of all places to live, Florida is probably one of the worse for corruption. Before the crooked attorneys get caught, one sees their pictures with our governor and all sort of political figures. Then they can't get far enough away from them.
ReplyDeleteThe domino effect is in place!
ReplyDelete